Can People Still Pay Too Much For A House? You may think that this downturn in home prices means that everybody gets a bargain. That would be a normal assumption, but it is still not true. There are still plenty of sheep and wolves out there in the real estate market. You need to...
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Is Your Home Sale Going Slowly Because Your Home Is Overpriced? According to the New York TImes, many homeowners are overpricing their homes when they try to sell. They are in serious denial about the true value of their home after the past several months of dropping home prices. Apparently current sellers who purchased...
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Are Reverse Mortgages Bad or Good? There has been a lot of talk about reverse mortgages as a way for seniors to leverage their home ownership into some extra income. Just as with any other business deal, especially one involving something as important as home ownership, it is important to examine the pros and...
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Is The American Dream A Good Idea Right Now? I guess almost everybody thinks about the day when they can buy their first home, or if a family already owns a home, they think about upgrading to a different home. But right now many people are looking at the realities of home ownership and...
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We haven’t been getting very good news about employment in the US lately. And of course, all economic news, with the bailout of the mortgage giants, is pretty grim. In fact, home foreclosures hit a record in the 3rd quarter of this year. And if you think that the bailout will help the situation,...
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